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Simple English definitions for legal terms

mutual-fund wrap account

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A quick definition of mutual-fund wrap account:

A mutual-fund wrap account is an investment account where an investor's money is only put into mutual funds. The investor pays a fee based on a percentage of the total assets to be managed. The investor does not choose the investments or give instructions to buy or sell. It is a way for investors to have their money managed by professionals.

A more thorough explanation:

Definition: An investment account that allocates an investor's assets only among mutual funds rather than stocks or other investments.

Example: An investor opens a mutual-fund wrap account with a brokerage firm. The investor selects a portfolio of mutual funds, and the brokerage firm charges a fee based on a percentage of the total assets to be managed. The investor does not select individual stocks or give instructions to buy or sell.

Explanation: A mutual-fund wrap account is a type of investment account that allows an investor to allocate their assets among mutual funds. The investor pays a fee to a brokerage firm, which selects a portfolio of mutual funds based on the investor's risk profile. The investor does not select individual stocks or give instructions to buy or sell. The brokerage firm charges a fee based on a percentage of the total assets to be managed. This type of account is popular among investors who want to diversify their portfolio and have a professional manage their investments.

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General

General chat about the legal profession.

General >T14 Off Topic

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Trismegistus

13:01

do all my hopes and dreams and sanity rest on chicago now

texaslawhopefully

13:01

@sadpadresfan: prolly. My only hope is my last name is towards the end of the alphabet

lilypadfrog

13:01

i hope u guys would put me down like a dog that bit a baby

Trismegistus

13:02

@texaslawhopefully: i saw 3/4 down alphabet then 30- mins later 1/2 down alphabet

texaslawhopefully

13:02

so they're still calling?

Trismegistus

13:03

that i dont know

KeenHeartbreakingRattlesnake

13:03

the Penn e wave is about to cook me

atwatodbit

13:03

@sadpadresfan: did you get your Cornell scholly with your A at the same time? I think they gave me nothing...

lilypadfrog

13:04

tex also got cornell scholly ask him

texaslawhopefully

13:04

there's a form you fill out

texaslawhopefully

13:04

and they'll get back to you within a few days

texaslawhopefully

13:04

https://support.law.cornell.edu/FinancialAid/ScholarshipForm/

sadpadresfan

13:04

@atwatodbit: they emailed me a day after submitting the form

atwatodbit

13:05

ah ok, i've seen that, just need to get parental info then. just making sure

sadpadresfan

13:05

Feeling fortunate and its my top choice as of now haha

lilypadfrog

13:06

what if you fill this out and you haven’t been admitted? just a next level move? they probably have to let you in then

PerpetualCheerfulBeaver

13:06

I applied to all my places in late september and am still waiting to hear back. ive missed all three types of waves (WL,R,A) am i screwed??

texaslawhopefully

13:07

Your guess is as good as mine. I'm in the same boat for most schools

Trismegistus

13:07

begging chicago for an A

atwatodbit

13:08

the vast majority of the t14 has not hit 50% of their As, many have not even hit 25%. zero reason for panic

PerpetualCheerfulBeaver

13:08

Thank you texas!

choosingpeace

13:08

missing CLS and Penn waves im so screwed

choosingpeace

13:08

i applied early too i hate everything im crashing out im crashing OUT

PerpetualCheerfulBeaver

13:08

I literally have no experience in this type of stuff, but if i get waitlisted, should i send an email about continued interest?

lilypadfrog

13:09

im so nonchalant

lilypadfrog

13:09

i will probably hear something back eventually

texaslawhopefully

13:10

I wish I could be like you lily

Trismegistus

13:10

im actively losingh my mind man

choosingpeace

13:10

@texaslawhopefully: lmaoo same Im crashing out so bad like it's never been this bad

texaslawhopefully

13:11

I need Chicago on Friday

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